Srinagar, Oct 15 (KNS): ICICI Bank, one of the India’s largest private sector bank, Thursday announced the launch of ‘Money2World’, a fully online outward remittance service for resident Indians.
With this, non-account holders of ICICI Bank can now transfer money online from any bank account in India to any bank account overseas in 16 major currencies, in a convenient and fully secure manner.
A first-of-its-kind service by any bank in India, it is available to users 24x7 on all days. To avail this service, a user has to carry out a simple, one-time online registration on www.money2world.com by uploading her/his KYC documents, thus avoiding the hassle of visiting a bank branch to fill and submit documents for every money transfer.
Once registered, a user can initiate a request anytime, anywhere to remit money abroad, at a confirmed exchange rate, thereby eliminating the worries associated with currency fluctuations. Users can remit money overseas from India using ‘Money2World’ for an array of purposes including education, maintenance of close relatives, medical treatment and visa fee to emigration authorities or embassies, among others.
Vijay Chandok, President, ICICI Bank said, "At ICICI Bank, we constantly strive towards finding new solutions that add to the convenience of customers.Click Here To Follow Our WhatsApp ChannelNow, with 'Money2World', we offer a unique service to resident Indians to transfer money across the world anytime, even beyond banking hours. With this new service, we continue to live up to our commitment to offer customer centric solutions enabling quick and hassle-free money transfers."
Users can register and start using ‘Money2World’ service in just four easy steps:
Login to www.money2world.com and complete one-time registration by filling a simple online form and uploading of PAN and Aadhaar card. The Bank will verify the e-KYC details within 1 working day. Add the bank accounts of self and beneficiary. Initiate the money transfer request at the confirmed exchange rate of the chosen currency. Transfer funds from the selected bank account to the ICICI Bank designated account, from where the funds will be remitted in the chosen currency to the beneficiary account
Remitters can track the status of their money transfer request on the Money2World website or by calling the ICICI Bank customer care in India.
Fully online service: Users can register themselves, submit documents once for e-KYC, initiate a request and transfer funds online. There is no requirement to physically visit a bank branch. (KNS)